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Italy fails to sell all its planned bonds

Italy fails to sell all its planned bonds

The Italian Treasury failed to sell all of its planned medium- and long-term bond auctions on Thursday and had to pay higher yields than it previously had to.
Overall, the Treasury sold around (EURO)8.1 billion of debt, shy of its (EURO)8.5 billion plan in its final bond offering of the year. Demand for five-year and seven-year issues fell short despite higher yields on offer.
It covered all of its three- and 10-year bonds and had to pay higher yields too.
The yield on the benchmark ten-year offering spiked to 4.8 percent from 4.43 percent in its previous auction.
Italy has seen its yields rise during the European debt crisis that has forced bailouts of Irish and Greek debt. However, it continues to be considered the safest bet among the so-called periphery nations.


Updated : 2021-07-28 03:36 GMT+08:00